Jay,
Employees were not given shares, they had to buy them (given a loan by the company). Expected earnings, P/E ratio of 19 - 20 annual earnings per share of 1.0 - 1.2. This would put the share price around $20 or so. Again, I am somewhat removed from the $$ side of the company so this is very speculative. The general feeling of the employees is very positive, but again alot of them are talking of selling to take the profit. Decoma is very well situated in the plastic markets and I expect to do very well.
Thanks for the info on SI, I like looking in on other peoples comments and get some of the scoop on other stocks, The Chief i find interesting to read, he seems to have a solid grasp on the stocks he follows. Im definetely going to become a member.
Thanks again for the recommendation.
Accumulation, I will buy some more if it gets into the $13's.
Keep an eye out for another division of Magna to go public, Cosma, they are more of the interior systems, seats, dashboards, etc. Ive heard 6 - 10 months.
Shawn |
